Write about Financial planning..
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Financial planning is a step-by-step approach to meet one's life goals. A financial plan acts as a guide as you go through life's journey. Essentially, it helps you be in control of your income, expenses and investments such that you can manage your money and achieve your goals.
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All of us seek to achieve financial freedom at some point in life so as to do something closer to our heart like pursue a hobby or write a book, travel, etc. So what is financial freedom? It is nothing but creating enough wealth to take care of your finances over your balance lifetime, once you stop earning. In short, your assets/ investments must earn enough (if not more) to meet your current and future expenses. The returns must also take care of the impact of inflation on expenses over the years ahead.
Who comes to your mind when you think about financial freedom? Surely it is famous personalities like those in the Fortune 500 list or even some Hollywood and Bollywood stars who have earned or created enough wealth to last their lifetime even if they stop working today. Climbing down the pyramid, common examples include those retirees who have built a robust investment pool to enjoy their golden years without depending on their children, friends or relatives.